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Merrill reps upbeat about post-O’Neal era
Brokers at Merrill Lynch & Co. Inc. of New York are upbeat about the prospects for their company following the departure of chief executive E. Stanley O'Neal last week.
Merrill said to hide losses behind hedges
Sources say the firm has been asking hedge funds to take on mortgage-related securities.
Merrill reels from $7.9B write-down
The worse-than-expected third-quarter losses raise questions as to the fate of chief executive Stanley O’Neal.
Phoenix, Jefferson agree to focus on fee-based advisers
The Phoenix Cos. Inc. has formed an alliance with Jefferson National Life Insurance Co. in which Phoenix will use the Jefferson technology platform to offer no-load variable annuities to fee-based advisers at wirehouses and regional broker-dealers.
Merrill appoints Boston wealth chief
Cory Little will head the private banking and investment unit in Boston's global wealth management group.
CFO’s job not in peril, says Merrill
Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.
Schwab to roll out benefits package for advisers
In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.
Analysts downgrade Merrill Lynch stock
JPMorgan Chase analyst Kenneth B. Worthington downgraded Merrill's stock to "neutral" from ''overweight.''
Merrill fires two senior executives
Osman Semerci, former head of the fixed-income division, and Dale Lattanzio, former head of structured credit products, have left the firm.
Wachovia-Edwards deal seen as a balancing act
The merger of Wachovia Securities and A.G. Edwards, scheduled to close today, will be the biggest retail-securities transaction…
Analyst sees calamitous quarter for Merrill
Goldman Sachs analyst William Tanona expects Merrill's third-quarter earnings to decline by 89% to $208.9 million.
Wachovia poaches three from Merrill
Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
Merrill adjusts strategy in bumpy Q3
Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.
TD says sorry after hacker hits clients
TD Ameritrade began sending apology letters to most of its clients after a hacker stole vital information.
Schwab entices advisers with free software
Schwab Institutional will provide free portfolio re-balancing software to financial advisers who use its custody services.
Fidelity launches Retirement Income Evaluator
Fidelity debuted a Web-based tool designed to help advisers create and manage retirement income plans for their clients.
Vanguard cuts costs on no-load funds
The firm has added services for shareholders that invest in its $100,000 no-load, low cost mutual funds.
Revenue-sharing disclosure sought for bundled providers
CHICAGO — Pension consultants and third-party administrators want bundled providers, including industry giants such as Vanguard and Fidelity, to disclose their revenue-sharing arrangements with affiliated service providers, but the bundled providers are balking.
Albert Lee to head Merrill’s Taiwan office
In the newly created position, Mr. Lee will be responsible for expanding the investment bank's business in Taiwan.
TD-E*Trade merger chatter continues unabated
The jolts that TD Ameritrade Holding Corp. experienced during 18 months of integration following the 2006 merger of TD Waterhouse Group Inc. and Ameritrade Holding Corp. have not dulled its appetite for more deals, according to chairman and chief executive Joe Moglia.
